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http://nacm.org/?id=2020VIRGINIA - Effective 7/1/12, Virginia Code Section 2.2-4337 will be amended to increase the contract amount for which performance and payment bonds are required on transportation-related funded by the Commonwealth from $250,000 to $350,000. For projects in excess of $250,000 but less than $350,000, the changes provide that the payment and performance bond only may be waived by if the bid is accompanied by evidence that a surety company has declined an application from the contractor for a bid bond. The law requires the Commissioner of Highways and the Department of the Treasury to establish a prequalification program for transportation contractors for those who have been denied a bid bond.]]>administrator@nacm.org (Super User)ROOTThu, 03 May 2012 00:36:26 +0000Subscribe to NACM Bloghttp://nacm.org/?id=1917
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http://nacm.org/gscfm-highlights.html2016 GCSFM HIGHLIGHTS

Wednesday, September 21

4:00 - 7:00pm

CFDD Board Meeting

Thursday, September 22

9:00 - 10:15am

Business Meeting

10:15 - 10:30am

Break

10:30 – 12:00pm

Credit Applications and Credit Terms: The First Line of Defense

This session will provide an overview of credit applications and an explanation of common terms and conditions. The speaker will discuss what information needs to be in your credit applications and why you need it. The speaker will also provide easy to understand explanations of common credit terms and conditions and real life “war stories” of how your terms and conditions can save the day. Finally, this session will discuss personal guarantees, promissory notes and offer suggestions for improving your credit applications.

presented by Matthew Jameson, Esq.

12:00 - 1:15pm

Lunch

1:15 - 2:15pm

Tips and Tricks to Make Life Easier in Excel

This excel session will walk you through prepping and analyzing an aging report using the following functions: Macro, Vlookup, Find and Replace, Advanced Sorting, Pivot Tables and some other miscellaneous functions to make using Excel easier and more efficient.

presented by Marlene Groh, CCE, CICP

2:15 - 2:30pm

Break

2:30 - 3:30pm

Cyber Security: Is Your Company at Risk?

Credit managers want to know what is required to protect confidential customer information, and what action they should take to protect their companies from liability. This session will answer these questions, and more. We will discuss: laws regarding cybersecurity; the standards companies must comply with to avoid liability for cybersecurity breaches; and, practical examples of actions credit professionals should take to protect customer information.

presented by Rebecca Hicks, Esq.

3:30 - 3:45pm

Break

3:45 - 4:45pm

Seven C’s of Effective Business Communication

We tend to focus our training and education on specific credit areas such as bankruptcy, antitrust or how to get paid quicker – hard skills that are easy to observe, quantify and measure. While hard skills are necessary to do our jobs, soft skills have become increasingly more important in today’s workplace. These ‘people skills’ or ‘interpersonal skills’ are typically hard to observe, quantify and measure. Soft skills are needed for everyday life as much as they are needed for work. They have to do with how people relate to each other: communicating, listening, engaging in dialogue, giving feedback, cooperating as a team member, solving problems, contributing in meetings and resolving conflict. The Seven C’s of Effective Communications will provide a blueprint for this important part of business success.

Social Media as a Tool to Identify and Evaluate Credit Risk: The Technology, Best Practices and Legal Considerations for the Credit Team

Many credit teams in the B2B space are considering social media (SM) to improve evaluating credit risk factors, especially with the small and mid-sized companies. The interplay of SM and the trade relationship is the customer’s use of SM in order to increase market presence, and a supplier’s credit team’s use to evaluate and monitor credit risks through sites like LinkedIn, Facebook, Twitter, Google and Yelp (along with many others).The session will consider SM sites that may be used by credit teams at the new account stage to expand credit scoring criteria, and as an early indicator of credit risk with existing accounts. Laws that may impact credit teams and SM include the FACT Act, FCRA, ECOA, FTC Red Flags, and the Sherman Act. The session will also address the credit team’s best practice with SM, including adopting SM in the credit and collection policy.

presented by Scott Blakeley, Esq.

10:45 - 11:00am

Break

11:00 -12:15pm

Economic Outlook

Mr. Garriga will present an overview of the state of the US economy (GDP, employment, prices). He will go on to discuss the stance of monetary policy with emphasis on the main challenges for the normalization process (interest rates moving away from zero). He will further talk a bit about the forecast of output and inflation. Lastly, Mr. Garriga will conclude with discussion about the indices of economic sentiment and uncertainty.

presented by Carlos Garriga

12:15 - 1:15pm

Lunch

1:30 - 3:00pm

Key Bankruptcy Issues from The Vendor’s Perspective: A Point-Counterpoint Discussion

A trade creditor’s ability to navigate the waters of a customer’s bankruptcy can be tricky. Understanding the issues arising in a bankruptcy case and their impact on trade creditors and other constituencies will assist in dealing with the bankruptcy process and the other parties involved. Our panel of experienced bankruptcy practitioners will present a point-counterpoint discussion of the different perspectives on a number of hot issues, including:

Are claims based on drop-shipments entitled to priority status as a 20-day goods / § 503(b)(9) administrative claim?

Hot consignment issues arising out of the Sports Authority bankruptcy

Preference claims / defenses

Whether the new value defense is lost for court-approved paid invoices that are part of a vendor’s 20-day goods / § 503(b)(9) administrative claim

Different approaches to compare payments prior to and during the preference period in proving the subjective part of the ordinary course of business defense

Application of prepetition credits / deductions / allowances in determining the amount of a creditor’s 20-day goods / § 503(b)(9) administrative claim – does the debtor have the option to first use these offsets to reduce a creditor’s § 503(b)(9) administrative claim, or can the creditor elect to first use these offsets to reduce its remaining prepetition general unsecured claim?

Registration

Refund Policy: All cancellations and requests for refunds must be made in writing to conventions_info@nacm.org Registration fees, less a $50 processing charge, will be refunded for written cancellations received by NACM-CFDD on or before August 19, 2016. Between August 20 and August 26, 2016, only 50 percent of the fee will be refunded for written cancellation requests. Due to financial obligations, no refunds will be issued for cancellations received after August 26, 2016; however, substitutions may be made at anytime.

Silent Auction

CFDD National is excited to again be hosting a Silent Auction at our National Conference. We are seeking donations from CFDD members, member companies and chapters for the CFDD-National Silent Auction. All proceeds go to our scholarship fund…which in turn, benefits YOU! Let’s make this a great event and aid in awarding more scholarships to our members.

All donations are tax deductible. Some items of interest are, but not limited to:

Gift cards (starting at $25) to national chain restaurants and stores

Electronics

Jewelry

Purses

We ask that all donations be received by August 19, 2016.

Please help us make this fundraiser a success as we strive to grow the fund and award scholarships to our dedicated members!

Description

For companies exporting goods internationally, keeping pace with export compliance requirements is challenging in today’s global economy. Regulations and related restricted or denied-party lists change constantly, as do the numerous export documentation rules and formats in individual countries across the World. Since the onset of the recent global economic downturn in 2007, the issue of corporate compliance is now an integral role for many credit managers. Failure to follow compliance and regulations can lead to major difficulties in collecting your A/R Portfolio across different regions of the world and result in a reduced DSO. This, in turn impacts working capital, affecting different departments within a corporate environment.

FCIB’s newly refreshed Export Compliance & Regulations course will run over a period of 4 weeks from March-May 2016. Each Module will last 60 minutes and cover off important elements required for compliance. You can choose to register for all 4 modules or take each module on an individual basis.

Export Compliance & Regulations Webinar Module 1 Overview

1. OFAC , UN, EU Embargo

This module will deal with the following issues:

Main points of the OFAC regulations

Main points of EU Embargo rules

Main UN rules on Embargo

Overlap in these rules

Differences in these rules

Facilitator

Fred Dons, director at Deutsche Bank (DB) Amsterdam, has worked in trade finance for more than 25 years and currently heads up the Trade Finance Commodity team. In addition to his role within DB, Fred also delivers many course on the subject both internally and externally around various colleges in the Netherlands. His expertise is highly valued and sought after and has enabled FCIB to bring this new offering to our worldwide members.